Aktuelles

Press Release

DIC Asset AG buys another two assets, and winds-up joint ventures as planned

Frankfurt, 21.12.2017

Frankfurt/Main, 21 December 2017. DIC
Asset AG (WKN A1X3XX / ISIN DE000A1X3XX4) just acquired an office
property on Neumarkter Strasse in Munich and an ensemble of three
buildings on Frankfurter Strasse / Alfred-Herrhausen-Allee in Eschborn.
The purchase price paid for the assets totalled more than EUR 100
million. The asset in Munich's Berg am Laim district covers a lettable
area of 18,300 square metres plus 247 parking spots, and is fully
occupied. The ensemble of three office buildings in Eschborn, a northern
suburb of Frankfurt am Main, is occupied to 93 percent, and has a gross
lettable area of around 19,200 square metres along with 520 parking
spots. The ensemble of office buildings in Eschborn was sold by a joint
venture between Phoenix Real Estate and Art-Invest Real Estate. The
anchor tenant of this multi-tenant property is Deutsche Bank.

At
the same time, the wind-up of the joint-venture assets that will no
longer match the strategic orientation of DIC Asset AG is under way. A
property on Langenhorner Chaussee in Hamburg and another property on
Adolph-Prior-Strasse in Frankfurt were successfully sold for a sum total
of EUR 22.6 million.

"We continued to prosper with our specific
acquisition strategy in an exciting market environment, and managed to
buy another two excellent assets for our Warehousing portfolio in
addition to the acquisition in Hamburg. Accordingly, the pipeline is
well-stocked for special funds yet to be launched. By selling the two
assets in Hamburg and Frankfurt, respectively, we made good progress
with the ongoing wind-up of our joint-venture participations, and will
now intensify our focus on implementing the strategy we pursue in our
core business," said Sonja Wärntges, CEO of DIC Asset AG.

Colliers
International Deutschland GmbH plus BNP Real Estate and GSK Stockmann
advised the company on the acquisitions. Hinsch & Völckers Hamburg
and Colliers International Frankfurt as well as php Frankfurt acted as
advisers during the sales.

About DIC Asset AG:
DIC
Asset AG is one of Germany's leading listed property companies, and
specialises in commercial real estate With around 20 years of experience
on the German real estate market, the company maintains a regional
footprint on all major German markets through six branch offices, and
has around 180 assets with a combined market value of c. EUR 3.3 billion
under management. DIC uses a hybrid business model to manage its
business divisions Commercial Portfolio, Funds and Other Investments.
Taking an active asset management approach, DIC employs its proprietary,
integrated real estate management platform to raise capital
appreciation potential in its business divisions and to boost its
revenues.

In its Commercial Portfolio division (EUR 1.5 billion in
assets under management), DIC acts as proprietor and property asset
holder, and thus generates revenues both from the management of the
assets and through the value optimisation of its own real estate
portfolio. The Funds division (EUR 1.5 billion in assets under
management) generates its revenues by acting as issuer and manager of
special real estate funds for institutional investors. Gathered in the
business unit Other Investments (EUR 0.3 billion in assets under
management) are joint venture investments, equity investments in
property developments, strategic financial investments, and the
management of properties in which the company holds no equity stakes.

DIC
Asset AG has been included in the SDAX(R) segment of the Frankfurt
Stock Exchange since June 2006. The Company's shares are also included
in the EPRA index, which tracks the performance of the most important
European real estate companies.

For more details on DIC Asset AG, visit the company’s homepage at www.dic-asset.de.